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Ancoats and the ongoing housing question
Nigel de Noronha
and
Jonathan Silver

and was estimated to be worth billions of pounds (Silver, 2018 ). Much of this growth has emerged from the local and national government focus on remaking the private rented market, with a shift in emphasis from the ‘Buy to Let’ sector to the larger scale, institutionally friendly, ‘Private Rented Sector’ (PRS). These changes in the way in which housing is constructed, operated and owned have been understood through the term financialisation , which conveys how financial actors such as pension funds, sovereign wealth funds, billionaires, private equity and other

in How the other half lives
Swati Mehta Dhawan
and
Julie Zollmann

from the international community and host governments onto refugees themselves ( Bardelli, 2018 ), without addressing their political exclusions ( Easton-Calabria and Omata, 2018 ). The self-reliance paradigm – coinciding with increasing ‘humanitarian neophilia’ ( Scott-Smith, 2016 ) and financialisation ( Tazzioli, 2019 ; Bhagat and Roderick, 2020 ) – has ushered in a wave of digital innovations seeking to formalise refugee identities (using biometrics or

Journal of Humanitarian Affairs
Abstract only
How to fix Britain’s broken railways

Britain’s railways are broken. They no longer serve the needs of passengers or the general public. Train services are unreliable, too often delayed, too expensive and complex to use, and marred by strikes. This book takes the reader on a journey to discover how years of under-funding and privatisation have deprived the public of a usable rail system. It is only through understanding how Britain’s rail system has been broken that we can know how to fix it. As it shows, fixing the railways means going beyond simple demands such as ‘renationalise the railways’ and asking instead ‘what do we want the railways to be for’? It is only by attempting to answer this question that we can rebuild the rail system into something that genuinely meets people’s needs. The answer is far from straightforward, but this book argues that, if they are to be useful, the railways must be part of the solution to the twin crises of the climate emergency and social inequality. This means significant increases in government investment, but the current state of the railways stems largely from successive governments’ unwillingness to properly fund them, mostly to protect the wealthy from tax increases. Given the uneven distribution of political power in Britain and the rigidity of public policy, those who want to see the railways fixed have no choice but to fight to take rail policy out of the hands of the political and financial elite who have led us into this mess.

Economies of desire in the twenty- first century
Editors: and

The notion of ‘clickbait’ speaks to the intersection of money, technology, and desire, suggesting a cunning ruse to profit from unsavoury inclinations of one kind or another. Clickbait capitalism pursues the idea that the entire contemporary economy is just such a ruse, an elaborate exercise in psychological capture and release. Pushing beyond rationalist accounts of economic life, this volume puts psychoanalysis and political economy into conversation with the cutting edges of capitalist development. Perennial questions of death, sex, aggression, enjoyment, despair, hope, and revenge are followed onto the terrain of the contemporary, with chapters devoted to social media, online dating apps, cryptocurrencies, NFTs, and meme stocks. The result is a unique and compelling portrait of the latest institutions to stage, channel, or reconfigure the psychic energies of political and economic life.

Why anger and confusion reign in an economy paralysed by myth
Author:

For a number of decades our economy has failed to work for ordinary citizens. Stagnant wages have been combined with underemployment and rising costs of basic goods like healthcare, education and housing. At the same time, a small minority of the population make obscene profits, while in the background we continue to hurtle headlong into an environmental emergency. However, despite there being no shortage of anger and anti-elite sentiment expressed in what is often referred to as the ‘culture wars’, no significant challenge to the dominant economic model has broken into the mainstream. The pound and the fury argues that behind this failure of imagination are a set of taken-for-granted myths about how the economy works – myths that stifle debate and block change. The book analyses these myths, explores their origin, how they circulate and how they might be dispelled at a time when, away from the public gaze, economic theory is opening up new possibilities of economic action. Possibilities that, as we emerge from the chaos of Covid-19, could lead to the radical structural changes we desperately need.

Aris Komporozos-Athanasiou
and
Max Haiven

profound unlikelihood of finding success, let alone happiness or fulfilment, became emblematic for university students in the wake of the crisis. This was a generation who had at least some memory of a ‘before’, a moment of neoliberal optimism. But today a new generation is emerging into adulthood for whom neoliberalism, financialisation, and their anxieties are all they have ever known. As this new

in Clickbait capitalism
Financialisation as a product of virtual fictitious financial capital
Aleksander Buzgalin
and
Andrey Kolganov

capital. At the surface level, this transformation has revealed itself as financialisation. Financial capital, the result of the fusion of banking and industrial monopolies, used the financial market both as an instrument of its reign and, at the same time, as a mode of solving of the problem of over-accumulation of industrial capital. The bubble-like growth of the financial market reflects the need of financial capital to appropriate profit on a global scale through financial instruments. This hegemony of financial capital (which became transnational) is developing in

in Twenty-first-century capital
Abstract only
The bank guarantee and Ireland’s financialised neo-liberal growth model
Fiona Dukelow

chapter first poses the bank guarantee as a moment of Irish neo-liberalism failing forward by examining the context in which the guarantee was announced and how Ireland’s subsequent banking bailout became the most costly bailout of the global financial crisis. It then explores the nature of neo-liberalism by considering recent debates of its non-demise and of how they have played out in the Irish case. The final section widens the focus again and considers the concept of financialisation and the financialisation of Ireland’s political economy, locating the guarantee

in Defining events
Sam King

national economy. 61 Lenin was clearly alert to aspects of the growing power of finance capital that capture the attention of modern writers concerned with ‘financialisation’. However, he had a fundamentally different understanding of these phenomena. In defining finance capital, Lenin

in Imperialism and the development myth
Philipp Staab

response to the collapse of growth rates. This applies in particular to four factors: the increasing technical rationalisation and automation of work; the globalisation of value chains and markets; public investment and the commodification and privatisation of public goods; and finally the financialisation of the economy. These four aspects explain the astonishing rise of the information and communications technologies over the course of the second half of the twentieth century. They generated ever-growing demand for

in Markets and power in digital capitalism